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20131202
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CNBC
Dec 5, 2013 7:00pm EST
discussing with you a moment ago, i talked to four former aides to president obama. the white house isn't confirming this but all four of them said they expect that president obama will, in fact, attend that ceremony along with other world leaders. we saw president obama come into the briefing room as in the clip that you played tonight where he referred to nelson mandela as an inspiration, an example for him from the earliest phase of his political stirrings as a student at occidental college where he attended an anti-apartheid protest there. of course, nelson mandela is someone who was the first african-american or excuse me, the first african leader, black african leader of south africa which had been governed by a white government, president obama followed in that footstep as the first african-american president of the united states, and he said that he would spend the rest of his life trying to live up to and follow nelson mandela's example. what was so notable about nelson mandela was that he actually achieved in practice the promise that president obama had held out in 2004 at th
CNBC
Dec 4, 2013 7:00pm EST
obama argued today that income inequality is the definie ining challenge of our . sorry, mr. president, the defining challenge of our time is to restore strong economic growth. in other words, the rising tide lifts all boats. we don't need redistribution tax hikes, we don't need state run health care, more spending, lower the incentive barriers and bring us growth. here's another big problem for president obama, the millennials are abandoning him and obama care in droves. a new poll shows plunging support from young people. because the obama care website is in such bad shape, the government now has offered to bail out insurance company profit and losses, and in a possible second bailout, provide the insurers with guest estimates of health care subsidies. this whole story has gone haywire. all right? all of this and more coming up on "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we're live here at 7:00 p.m. eastern, 4:00 pacific. president obama tries everything we can to get the attention away from the obama care, an
CNBC
Dec 2, 2013 7:00pm EST
to >>> team obama proclaims mission accomplished insisting the obama care website is working much better. but, is it really? only 100,000 people supposedly signed up successfully last month. we have breaking news on the continued breakdown of back-end payment-related communications with the insurance companies. in other words, all those folks who enrolled may not be enrolled. and the white house won't fess up. and none of this can hide the cold, hard fact, obama care is a bad product. its health plans cost more, provide less service and choice and it's a budget-buster for washington. you can bet this will be the number one issue of the 2014 elections and beyond. >>> as we begin the holiday season, we pay extra attention to pope francis' criticism of capitalism. his apparent view that the state will solve the problems of poverty, not the market. i must say, with the greatest of humility as a devout catholic, i completely disagree with his holiness. all those stories and much more coming up on "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the ku
CNBC
Dec 9, 2013 7:00pm EST
surprises from obama care. and this may be the topper. some people with pre-existing conditions, especially cancer patients, may be worse off because of the new law. >>> and sticker shock. deductibles are skyrocketing and that means huge out-of-pocket posts. and then get this -- 70% of doctors in california won't play in obama care. >>> also tonight, very senior, highly placed republican house source in washington, d.c. tells me the budget deal is close but the sequester will not survive intact and there will be a revenue package. >>> and finally, the fight for economic freedom gets even more intense overseas. look at this statue of linen toppled. this fight is not going away. all those stories and much more coming up on "the kudlow report" beginning right now. >>> i'm larry kudlow. this is "the kudlow report." first up tonight, a report that a majority of california doctors, as many as 70%, are staying off the state's obama care exchange because they can't afford to participate. that simple. and obama care, listen to this, it's offering medicaid reimbursement rates. look, around the countr
CNBC
Dec 3, 2013 7:00pm EST
this is about. first downs. there's always a >>> the daily dose of obama care failures and embarrassments keeps rolling on. yet president obama still holds another pep rally today for his ev ever faltering health care law. this time the pep rally had no pep. a new report says about a third of all the obama care enrollees may not be enrolled. that's the reported failure rate on the so-called back end information that is sent to insurance companies. in other words, thousands of the nation's fast food workers are set to strike tomorrow. they want a $15 minute wage but don't they know that would essentially kill theiras the move to automation moves ahead. which country is the most charitable? it's the good old usa and thanks to free market capitalism. i will explain all those stories and much more coming up on the kudlow report beginning right now. >>> good evening, everyone, i'm larry kudlow. this is "the kudlow report". we're here live 7:00 p.m. eastern, 4:00 p.m. pacific. it's getting harder and harder for grab to put a happy face on obama care. new problems keep popping up every day. maybe that
CNBC
Dec 6, 2013 7:00pm EST
by $15 billion. maybe enhance their credibility. but the bad news for obama care is rolling in. the website is posting an abysmal failure rate when it comes to reporting enrollment and payments to insurance companies. it's still at a very high 10% and was just recently at an alarming 25% and you know what? it ought to be zero. and speaking of insurance companies are they getting bailed out like the banks? it sure looks like it. 65% of americans by the way are totally opposed to it. all those stories, much more coming up on "the kudlow report" beginning right now. good news is good news today. big jobs, big stock rallies. we have all the details. good evening. >> larry, plenty expecting a non-farm payroll report, but no one predicted the markets would react this week. there was worries that an improving economy would lead the fed to taper early, burr the stock market rallies big and the bond market barely moves. cyclical sectors were strong and even the interest rate sensitive groups had a good day. we closed at the highs. but what about the taper fears? remember bond yields had
CNBC
Dec 5, 2013 5:00pm EST
much for coming by and making time this hour. the breaking news is that president obama will be speaking on former south african president, nelson mandela's death. we will bring you that on the other side of this break. that's next. >> we are awaiting president obama to make a speech on the passing of former south african president, nelson mandela. john, what should we expect here? >> melissa, i think you can expect the president to speak with deep emotion about the passing of this leader and what it has meant to him and he recently took his daughters to africa and i believe they went to robben island to see the cell where nelson mandela was held. that was a moving moment for this and of course nelson mandela is watched throughout his lifetime as the struggle against apartheid reached fruition. when he was still in law school, he had been at robben island, president of south africa. all said they expect that the president will attend nelson mandela's funeral. >> global history for that matter of nelson mandela being the first black president of south africa and barack ob
CNBC
Dec 4, 2013 1:00pm EST
i'm optimistic about. maybe an early budget deal, maybe obama care gets less messy. little optimistic maybe. maybe the economy gets better incrementally. here's the thing the thing is going to turn on. can janet yellen pull off the great deal, convince the world tapering is not tightening? does she have that power and influence? that's the wildcard. >> i don't think -- see i think the market will make that decision, because we've seen that with ben bernanke and the current fed. they've tried to say taper isn't tightening but the market is going to make that interpretation and that's going to be the struggle for the fed next year. >> the honeymoon will be very short, very short honeymoon for her. >> thank you very much. sue? >> ty, president obama speaking today about the wealth gap in the united states. should the wealthy worry? part of the story is how you the american taxpayer is now paying to keep many lower-level banking employees afloat while the executives make much better money and the pope has weighed in on all of this as well. talking about major and possible chang
CNBC
Dec 9, 2013 6:00am EST
or later matter at this point in the game? >>> countdown to a budget deal. the future of obama care, we'll put the topics on the table for senator ron johnson of wisconsin who will be visiting us in studio today. >>> "squawk" goes shopping. we're going to find out if more consumers are starting to hit the mall. "squawk box" begins right now. >> good morning. welcome back to "squawk box." i'm andrew ross sorkin along with becky quick and joe kernan. the new american airlines group begins trading today under the the tickle -- ticker -- >> tickle? >> tickle me elmo. the merger between american airlines -- >> that's freudian. i'm going to come over and tickle you. >> closes this morning after a last-ditch appeal by consumer groups to delay the deal was denied by the supreme court. i'm sorry about that one. and the ceo of the combined airline, doug parker's going to join us next hour right here on "squawk box." and we're going to talk to him all about this tickling deal. >>> dow component mcdonald's will be a stock to watch. reporting november sales in about an hour from now. analysts survey
CNBC
Dec 9, 2013 4:00am EST
when that was announced as well. >>> a group of major use tech companies are calling on president obama and congress to impose strict limits of surveillance. google, yahoo, facebook and twitter have written a letter. they're calling for an end to what they call mass collection of youth's information, e-mail, contact lists and others. we'll talk about this in the second hour. >>> seceberus capital is bringing in an investor for other sellers. they make the bushmaster weapon used in connecticut. they've been trying to sell the business for the last year. >>> take a short break. still to come. german elections. protests in the west. politics dominating 2013. the next one says it will be a bit risky. here to stay. >>> you're watching "worldwide exchange." i'm ross west gatd. your headlines, europe fails to build on asia. a weakening on the yen. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> hello. warm welcome to you. if you've just joined us state side, welcome to the start of your global trading week here on cnbc. we snapped eight
CNBC
Dec 2, 2013 6:00am EST
firm that did obama care. that's the one that they're using for -- you know, i hear my mother saying, you could put an eye out with that. you could put an eye out with one of these things, couldn't you? >> the place where you -- it would be way far away from everything. the place they're using it are where you're getting most orders, manhattan. that's insane. >> i've said that let's say we get the biggest business guest in the world, who is it? is it warren buffet, is it bill gates? >> right. right. >> our biggest business guest is not charlie sheen, is not as good as a d level lindsay lohan. >> right. >> so when d-- >> in terms of eye balls? >> yes. so when "60 minutes" decides to go slumming into our realm where they're doing business people. they get meredith whitney, she says the world is going to end. they need something big. jeff, we're thinking about putting you on. what have you got? >> give us something. >> yeah. >> i think laura logan said, hey, buddy, you were there. what's the biggest thing you've got? maybe that didn't happen n. this case i think they ask him, bezos, wha
CNBC
Dec 3, 2013 9:00am EST
not only how obama care will eventually be phased in or whether it will be phased in at all, but what i'm interested in as a market guy is we're talking about 1/6 of the economy. whether you're for it or against it or you believe it's going to work or not going to work, in the end it's 1/6 of the economy, we're the world's leading business channel and it's in our wheelhouse. but one thing that seems to be going on today in it can that is not getting a lot of air time that i find rather fascinating is that the house judiciary committee is holding hearings and they're holding hearings on something rather, i don't know, maybe call it esoteric, maybe call it extreme but let's get to the crux of the matter and i'll get there through an analogy. let's say when we saw at the end of last year that the payroll walked out in january and said basically, listen, i'm going to take a swath of those people whose taxes are going to go up on the payroll tax and i'm going to delay that for a year, would that fly? i don't know that it would fly. we have a constitution and checks and balances. but let's ge
CNBC
Dec 3, 2013 3:00pm EST
the lows. will we see this late day selloff? >> we are losing some altitude. president obama relaunching the push to get american to sign up for obama care. but is he jumping the gun with his website still not 100%? what about all those complaints over sky high premiums? up next we'll talk to former ubs chairman robert wolf who has been one of president obama's closest allies on wall street. >> apple shares on a roll after a strong started to the holiday shopping season. we'll hear from somebody who says investors should buy this stock now before it really takes off. >> and there's been a lot of buzz online and on social networks about that minimum wage discussion we had yesterday with the mcdonald's worker. take a lynn. >> have you asked for a raise before? >> i have and i was pretty much told it's going to come eventually. just wait. >> coming up former council of economic advisers says be careful what you wish for. raising the minimum wage will only end up hurting the very people it's intended to help. he's join us on the "closing bell." stick with innovation. st
CNBC
Dec 4, 2013 3:00pm EST
maxx? the story behind that stocks just ahead. >>> and after the bell, president obama entering the minimum wage debate a day ahead of a planned walkout by fast food workers. the president of white castle said such a move would hurt jobs. he'll join us after this. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ [ male announcer ] the beautifully practical and practically beautiful cadillac srx. get the best offers of the season now. lease this 2014 srx fo
CNBC
Dec 2, 2013 6:00pm EST
that. i always like to >>> team obama proclaims mission accomplished insisting the obama care website is working much better. but, is it really? only 100,000 people supposedly signed up successfully last month. we have breaking news on the continued breakdown of back-end payment-related communications with the insurance companies. in other words, all those folks who enrolled may not be enrolled. and the white house won't fess up. and none of this can hide the cold, hard fact, obama care is a bad product. its health plans cost more, provide less service and choice and it's a budget-buster for washington. you cabe
CNBC
Dec 3, 2013 6:00pm EST
dose of obama care failures and embarrassments keeps rolling on. yet president obama still holds another pep rally today for his ev ever faltering health care law. this time the pep rally had no pep. a new report says about a third of all the obama care enrollees may not be enrolled. that's the reported failure rate on the so-called back end information that is sent to insurance companies. in other words, thousands of the nation's fast food
CNBC
Dec 4, 2013 6:00pm EST
." i'm jim cramer. see you tomorrow. >>> president obama argued today that income inequality is the definie ining challenge of our . sorry, mr. president, the defining challenge of our time is to restore strong economic growth. in other words, the rising tide lifts all boats. we don't need redistribution tax hikes, we don't need state run health care, more spending, lower the incentive barriers and bring us growth. here's another big problem for president obama, the millennials are abandoning him and obama care in droves. a new poll shows plunging
CNBC
Dec 9, 2013 6:00pm EST
rally under president obama coupled with an underestimate of the federal reserve's will, historical buyers who are not now going to turn sellers because they know the history and fear of stock shortage among seasoned equities could end propelling us to the next level. believe me, to these purists, the next move, it'll stink to high heaven too. can i go to gerard in south carolina? gerard? come on, this is the real usc. >> caller: hi, jim. >> how are you, gerard? >> caller: i'm well, thank you, sir. about a month ago, caller asked about noodles, you recommended to hold it. i have a fairly large position. i am down about 11%. friday when the market was up, the stock tumbled 6%. my question to you is this, jim. they are coming out with a new offering at a cost of $39.50. now, my cost basis is higher than that. and i was wondering going forward, generally speaking when you see this happening within a stock that you own at the repurchase -- new offering price will be less than what your cost basis is, is that a sign to sell? >> i didn't think they should have done that deal. the stock ha
CNBC
Dec 5, 2013 6:00am EST
, republicans want to talk about obama care, they want to talk about other issues. they think they can beat up on obama and the democrats and don't want to get bogged down by shutdowns and debt limit fights. there's no reason to think stocks are too high because washington's going to kill everything. >> and maybe it was set so low because it was on the floor. >> you can't go much lower than they are. they can clear the bar for expectations which is no shut down. and maybe get the approval ratings in the 10% range, double digits at some point. >> one of the things we've been watching is what the fed's going to do next. how much do you think the fed has been responsible for this. and if the tapering begins, is that really something that takes the steam out of the market? not if it's just based on valuations like you've been talking. >> i have not been of the view that fed-driven liquidity is the sole support under the market. we touched on it a few minutes ago, there are many traditional fundamental supports, not least being simple gdp growth. and the base from which we came classic epic market
CNBC
Dec 6, 2013 4:00am EST
black president. and in 2011, he was paid a visit in south africa by first lady michelle obama who brought along first daughters malia and sasha. admired around the world and revered at home, nelson mandela's south africa embraced a future and he leaves a legacy of freedom and proof that one life can make a difference. >> we are one country. we are one people. >> let's just take a look at the johannesburg stock market. we saw in the past half an hour, there was a five-minute pause to trade to go mark mandela's passing. it's been one of the stronger performers so far this year, 13 plus percent the size of the gains. the currency, the opposite story that we've seen pressure on the south african rand of late. dollar/rand rates are up, which means the rand has been down 24% so far this year. we've seen further gains extended across the xetra dax. still a couple hundred points as what we had in november. but 0.4% on the ftse. the cac extending its gain now with the ftse. but this is nonfarm payrolls. the market is very much looking to see what the jobs number is going to be out of the s
CNBC
Dec 6, 2013 9:00am EST
, very interesting. it was yesterday or the day before that obama decided to relaunch do you think that janet yelleni yellening. >> any type of a taper is not going to have that bad of an economic impact led but it will be have and that will vantual put pressure on relative valuation. so bond yields 3.25, 3.30. >> michelle, this u-6 number is an improvement. what do you make of that and what do you make of the confidence number. we just got? >> i have to be honest. the household survey data are awful suspicious at the moment just given the volatility associated with the government shutdown. i do think the message is similar to what we've seen. you're getting continual declines in the unemployment rate. anyway, you're absolutely right. we've recouped all the losses because of the government shutdown. that's great news in the middle of the holiday shopping season. >> andrew, you're not a stocks guy, you're an economist. let me ask you, jim imof can. probably wouldn'tinfchbl u.s. consumer and small cap consumers have been very well. >> do you find thome eat the moment? >> specific are
CNBC
Dec 1, 2013 8:00pm EST
, president obama signed into law the much-debated health care reform legislation. the intent of the law is to slow the growth of medicare expenses, but none of the end-of-life issues raised in our story are addressed in the new law. in fact, the new legislation actually reduces medicare payments for hospice programs which studies have shown are very cost-efficient. our next story involves a widely used family of chemicals known as phthalates, which may be affecting our health and are found in everyday items like shower curtains, shampoos, perfumes, and even children's toys. in fact, our exposure to phthalates is so ubiquitous, we all have traces of the chemical in our bodies. even though phthalates have been used since the 1920s, a recent group of studies has shown that the chemical disrupts hormone activity and may be causing a slow and steady demasculinizing of men. and in 2009, congress followed europe's lead and banned certain phthalates for use in children's toys. congress came under pressure to act because of a study by dr. shanna swan, an epidemiologist at the university of roche
CNBC
Dec 2, 2013 9:00am EST
that really isn't delivering and that's, of course, obama care and i will call it obama care. many call it the affordable care act because it's so unaffordable in its current shape. remember nancy pelosi and her comments if you want to know what's in it, you had to vote for it? there are so many of them. there's been work ongoing all weekend to try to come up with the final details says house speaker madigan's people. why do we elect people, put them on staff? if that's the way it is, i understand. i'm a pragmatic realist. in the end, i would think it's important that somebody reads it before they pass it because i think all the surprises in obama it's not fair to put many public workers back in this kind of gray area again. this is supposed to save $150 billion over the next several decades and all eyes will be focused on illinois because it's the worst and it's trying to get better. back to you, simon. >>> tweet time. jeff bezos reveals they are experimenting with drone-based delivery. the service amazon prime air could be ready in the next four or five years and could carry objects t
CNBC
Dec 2, 2013 1:00pm EST
? >> not perfect indeed, tyler. after five weeks of intensive work to try to get things up to speed, the obama administration says they cannot accommodate up to 800,000 users a today, 50 thousands at a time. if you go on healthcare.gov this morning, you will find yourself waiting in a queue. they do now, as part of their technical fix, have a queueing system that will hold your place in line and get back to you. nonetheless, the site overwhelmed as we entered the peak pertain for people who want to enroll before january 1st. at this clinic in philadelphia, the queue clinic, hakeem has been helping people sign up. he says it is night and day on the site. over the last few days, he says, it's been very smooth and he's been able to help people sign up online start to finish and for a time has felt like he's making progress. >> it tax like two minutes to get the results. this is what ear eligible for, would you like to enroll, and choosing a pair, some plans and premiums. it works very well now. so it's exciting that people can come in and in like, half an hour, find insurance. it's rewarting. >>
CNBC
Dec 3, 2013 4:00am EST
. >>> a revamp and a resale. president obama will try to make the case again to the american people for his health care reform program. it has hit several stumbles still launching in october. >>> as the british prime minister visits china, the country's polit bureau expands domestic demand and pushes forward its key reform. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> if you've just joined us stateside, u.s. futures are indicating a softer start after the close we saw yesterday. the s&p down nearly five right now. the dow is some, what, 35 points below fair value? the nasdaq at the moment is on fair value, just about the s&p 500 is around 3.5 points below fair value. european equities have been soft and we're down near the session lows. the cac 40 in france, up 1.5%. the italian market down 0.5%. meanwhile, u.s. vice president joe biden and the japanese prime minister shinzo abe have been giving a statement in tokyo. japanese prime minister abe saying we cannot accept china's one sided air defense zone over the east china sea throu
CNBC
Dec 5, 2013 4:00am EST
years working in this field. president obama has called for a $10 minimum wage hike. but, you know, given the gridlock in washington, the states are starting to act. california approved a $10 minimum wage hike and no sooner had that been inked than a consebive placed it on the ballot to go to $12. the high cost cities are pushing for even higher wages. voters in sea-tac, washington, approved a $15 wage. now cities like chicago and new york are calling for wages of similar levels. i think what's driving this is what president obama called the defining challenge of our time in this economics talk yesterday. the fact is, the restaurant industry noted that the majority of the jobs our economy is creating are in these low payment fields like restaurant and retail. these aren't team jobs if they ever were. now tens of millions of adult americans spend their time cycling through these careers, these jobs. at $9 an hour, they're not sustainable. so what the fast food workers are calling for is a raise in pay and sit down with the industry for negotiationing a plan to transition to a higher
CNBC
Dec 6, 2013 6:00am EST
followed by a downgrade of standard & poors. quantas has asked the government for help. >>> president obama says the minimum wage should be increased but could a mandatory wage hike do more harm than good? that's -- i'm sorry, jared, that certainly is sort of a leading question. and i want to talk to you seriously about it because i read your stuff. and i've been making points recently, jared, you might like. jared bernstein, the senior fellow at the center for senior budget policies, also former chief economist for my hero, joe biden. >> another great joe. >> joe, we sent him to china, it's done, boom, 24 hours, everything's fine. right? pats a couple people on the back. i don't know. we need more joe. i'm backing him against -- becky's backing hillary. anyway. here's what -- i like what you say, jared, because you're smart. you make the point that -- >> this is feeling a little bit like a set-up, but go ahead. >> it is. no. because you make the point that it matters how much you raise the minimum wage. >> right. >> i've said, okay. let's make it $100 an hour and see whether that does anyt
CNBC
Dec 4, 2013 6:00am EST
the past several months is looking for effect of obama care. you did get strong growth in that 20 to 49 employee business size. but it's less than you had with smaller businesses and with larger businesses. are you seeing any pick up, statistical evidence of impact of obama care in numbers? >> no. none. i can't see it. in terms of the job creation or for companies that are around that key 50 employee threshold, i don't see anything. of course the employee mandate was delayed. maybe companies aren't going to react. they'll wait until next year this will they start to react. i don't see it in part time employment, hourly earnings. it's very difficult to see. now, it could also be the case going back to counter fact we don't know what the world would look like if obama care wasn't implemented. that's a tough argument to make. i just don't see it in the data. >> thanks for joining us this morning and bringing decent numbers along. >> yeah. i'm glad to do it. >> becky, back to you. >> all right. thank you. we'll see you back here soon. well done by steve and mark. >> generated above 200. >>
CNBC
Dec 6, 2013 6:00pm EST
their credibility. but the bad news for obama care is rolling in. the website is posting an abysmal failure rate when it comes to reporting enrollment and payments to insurance companies. it's still at a very high 10% and was just recently at an alarming 25% and you know what? it ought to be zero. and speaking of insurance
CNBC
Dec 6, 2013 3:00pm EST
/frank coming up. we have, obviously, obama care. is that going to possibly be a hindrance to growth and expansion next year or is it just going to be a stimulus for your line of work? >> you know, i don't know if it will be a stimulus for our line of work. but for the companies we work with, aca hasn't impacted them that much. they have more administrative costs, slightly, but it really hasn't impacted them that much because they all have 200 or more employees. dodd/frank, it's been a work in process for a long time. i don't know if there's anything necessarily today that's going to affect it. i think the one thing, the headwind is, potential more regulation as well. >> that's always going to be the case. >> always. >> when have you ever said, there's not enough regulation out there? what is your biggest headwind? >> our biggest headwind, i think, is the government shutdown potential, the debt ceiling issue. frankly, we need comprehensive tax legislation. and if we got that, i think it would make us all more competitive. certainly help our business, i'm sure. but those two or three
CNBC
Dec 2, 2013 4:00am EST
remaining. the obama administration says it doubled the capacity to the site. it can handle 50,000 viewers simultaneously. the peak traffic in the coming weeks might eclipse the new capacity as people sign up for the new health care plans by december 23rd. >>> still to come, december's historically been one of the best months of the year. will the markets play santa or scrooge for investors this year. we'll be having more insight. we'll be going to the cme as well. [ imitating engine revving ] that's mine. ♪ that's mine. ♪ that's mine. ♪ come on, kyle. ♪ [ horn honks ] that's mine...kyle. [ male announcer ] revenge is best served with 272 horses. now get the best offers of the season. current lessees with an expiring lease get this 2014 ats for around $299 a month. ♪ just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and
CNBC
Dec 5, 2013 9:00am EST
this summer. it seemed like yesterday they got a big boost from president obama. >> last month, voters in new jersey decided to become the 20th state to raise theirs even higher. yesterday, the d.c. council voted to do it, too. i agree with those voters. i agree with those voters and i'm going to keep pushing until we get a higher minimum wage for hard working americans across the internet. >> president obama supports a $10.10 on minimum wage. certainly never mind $7.25. any sort of rates for their workers would end up getting passed down to the consumer in the way of higher prices for food. there are no hard numbers on this, but a burger would go anywhere from $3 to $3.50. that's the big debate. how big of a deal is that if the price of a burger goes up 50 cents? a lot of labor experts say it's not that big of a deal because a lot of these fast food workers use about $7 billion in social services a year. if they need less in those social services, you'll pay less into those social services, basically raising the bottom raises the whole. the protests are scheduled to start around 11:30. we'll
CNBC
Dec 4, 2013 9:00am EST
and can't get wealthy that i don't think it's a healthy dynamic. >> i think think obama is going to speak on in about 30 minutes' time. >> good. i hope he addresses it. >> dolly, thank you so much. >> thank you so much. >> check out what's happening with deere. the stock is spiking after announcing repurchase of $8 billion worth reberth of 9 we'll call it 93.5 million shares if it could buy back. that's about 25%, simon, of its for you? >> so do new likes equal 2014 in just a moment. ♪ and i don't want to before their gift helped preserve the point... before a credit solution was used to expand their business... before trusts were created for their grandkids' educations... they chose a partner to help manage their wealth... one whose insights, solutions, and approach have been relied on for over 200 years. that's the value of trusted connections. that's u.s. trust. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execut
CNBC
Dec 5, 2013 3:00pm EST
and somebody that the entire world could look up to. this is -- you can bet that president obama's going to be heard on this before too long. and we've lost somebody that deserves emulation everywhere. >> i don't know, i just want to bring people a little bit of background information here about mandela's condition over the last couple of months. he had been three months in the hospital with the recurrent lun september, originally. but those lung problems attributed to the tuberculosis he contracted during 27 years in prison before he led his country to democracy, subject of many biopics lately. what is your view on his history in south africa and overseas? >> i think he has more stature than anyone around the world with the possible exception of the pope. a lot of continue versy around the current president as well as becky who proceeded him in that job who was nelson mandela's successor. i think this is somebody whose reputation was titanic and the entire world will be mourning. >> we are following the news here for us. walk us through the sequence of events since word came out? >> wor
CNBC
Dec 3, 2013 6:00am EST
. >>> president obama wants to sell the american people on the relaunch of his troubled health care program today. he'll be starting speaking at 2:30 eastern time today. >>> let's check on the markets in anticipation of this. it wasn't too auspicious of a start yesterday. and again this morning, not so great, either. a lot of -- in the last two weeks, we have heard the word bubble like 100 times. so i don't know whether that initially just gets people to sell it off. it doesn't mean we're going down 5% or 10%, but at least it's starting with a little bit of trepidation. we have eight street weeks of gains, it probably wouldn't be surprising to not go nine. but down about 48 points is what we're looking at on the dow jones. the s&p is up 20% for the year. take a look at oil as we head into the all-important christmas season for retailers. people have a little more in their pockets as gasoline prices come down. the ten-year, which we always watch, given that some day somehow somewhere janet yellen is going to -- >> look at that. it's almost 2.8%. >> 2.8%. the dollar should be going up against these
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